Active Investing: Should You Even Bother?

If you're going to pick stocks, do it with discipline written down before the trade.

Most retail pickers underperform a boring index. If you're going to do it anyway, do it with discipline written down before the trade. Seven lessons: the honest test for whether you should pick at all, your circle of competence, the five-part thesis, pre-committed sizing, sell rules written under calm, and a chart-based look at how theses actually decay. Ends with a signed pre-buy playbook.